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Business Standard

Hold on to sovereign gold bonds as prices may rebound, say experts

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

Topics
Sovereign gold bonds | Gold Prices | Gold weakens

Bindisha Sarang  |  Mumbai 

Gold
Gold has indeed lost its sheen in the recent past, correcting 20.1 per cent from its peak of Rs 55,901 on August 7, 2020. Experts say those who need the money may redeem it

Sovereign gold bonds (SGBs) have a tenor of eight years, but investors can redeem them prematurely after five. One tranche of the bond — SGB 2.75 per cent March 2024, Tranche III (NSE Symbol: SGBMAR24) — is due for premature redemption on March 29.

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Read our full coverage on Sovereign gold bonds

First Published: Tue, March 16 2021. 06:10 IST

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